Business Travel CFO – The C Suite https://www.thecsuite.co.uk Business for the CEO, COO, CIO & CFO Mon, 11 Jan 2021 15:24:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.15 177148869 Why Companies Need to Protect All Their Travelling Employees https://www.thecsuite.co.uk/cfo/business-travel-cfo/why-companies-need-to-protect-all-their-travelling-employees/?utm_source=rss&utm_medium=rss&utm_campaign=why-companies-need-to-protect-all-their-travelling-employees Wed, 25 Apr 2018 17:00:00 +0000 https://www.thecsuite.co.uk/?p=649 International travel has become a way of life for many employees, but it does expose them to hazards, which their employer may not be adequately accounting for or protecting them from. Despite the proliferation of global mobility teams within companies, many business travellers are still left to make their own travel arrangements, including meeting immigration […]

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International travel has become a way of life for many employees, but it does expose them to hazards, which their employer may not be adequately accounting for or protecting them from.

Despite the proliferation of global mobility teams within companies, many business travellers are still left to make their own travel arrangements, including meeting immigration requirements and arranging suitable travel insurance. That raises the risk of inadvertent non-compliance with local laws by staff on business trips. According to research from Santa Fe, a quarter of companies lack a programme to ensure business travel is compliant with laws and regulations.

But the risks are more than legal. Business’s travel managers cite safety and security as their top priority, above even cost control, according to a study by the Global Business Travel Association (GBTA). Travel managers and business travellers themselves are most worried about terrorism (45%) but also fret about outbreaks of disease (13%), property theft (12), kidnapping (8%) and natural disasters (6%). 

More minor hiccups, including flight cancellations and delays, loss of luggage and laptops, can disrupt travel plans, inconveniencing clients and contacts and marring the reputation of the company abroad.

Despite the risks, business travel often falls outside of companies’ existing risk monitoring. Employees travelling outside of official mobility programmes are the most exposed.

Business travel accident and assurance can allay some of these worries, giving peace of mind to both employees embarking on trips and their companies at home. 

These policies provide insurance against everything from flight delays and lost luggage to accidental death or injury while travelling. It also comes with more than 30 assistance services, including medical expenses cover for emergency treatment, evacuation and repatriation. Experienced providers can tailor business insurance and assistance policies to the needs of each company, insuring no cover is duplicated and no risk is unaccounted for.

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Ten Tips to Make the Most Out Of Your Business Travel https://www.thecsuite.co.uk/cfo/business-travel-cfo/ten-tips-to-make-the-most-out-of-your-business-travel/?utm_source=rss&utm_medium=rss&utm_campaign=ten-tips-to-make-the-most-out-of-your-business-travel Sat, 03 Mar 2018 14:34:00 +0000 http://www.thecsuite.co.uk/?p=192 It is no secret that travelling and working remotely occupy the lives of many people when they work in the commerce world. With that in mind, here are ten tips to ensure you make the most out of your business tour. 1. Plan Ahead A productive business trip starts long before you book a ticket […]

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It is no secret that travelling and working remotely occupy the lives of many people when they work in the commerce world. With that in mind, here are ten tips to ensure you make the most out of your business tour.

1. Plan Ahead

A productive business trip starts long before you book a ticket or pack your bags. Planning is not only cost-effective but also allows you to get to know the facilities and the place before your arrival.

2. Don’t Become a Person of Habit

Always be on guard for a new approach to the business trip and don’t depend on the usual style of accommodation.

3. Observe Your Routine

Working outside the home should not mean that you are deviating from your normal routine, especially your physical fitness and regular leisure activities.

4. Personal Welfare

Working outside the home and family comfort at home may be stressful. Therefore, it is important to find ways to relax.

5. Downtime Package

Ensure you are ready to relax on the travel. Exercising, meditating, or even downtime in your place is not the same if you wear a suit!

6. At Home in the Distance

If you are travelling on business, you are not close to your family, your pets and the general comfort of your home. If you bring things that make your temporary home feel like home – be it photos, candles, your robe, or even your favourite mugs – these little touches may make working outdoors feel less weird.

7. Point Construction

Customer cards are not new, but they are underrated. Most of the time, business travellers are on the go, which means that with a loyalty card, you can save money and also receive gifts.

8. Explore

Holiday at a new city does not have to be an overwhelming experience. In any case, view this as a chance to explore new places.

9. Networking

The UK has an extensive network of commercial travellers who work in the same places, making it an excellent opportunity to connect with like-minded persons.

10. Do not change it in case you like it

The important thing is to recognise what your needs and wants are in terms of business travel. By including them in your decision-making process, you can maximise your business tour experience.

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